by Pauline Davidson | Nov 4, 2013 | Energy
IRAQ’S officially proven oil reserves are approaching 115 billion barrels. In 2013 the Iraqi Ministry of Oil reported an increase to 143 billion barrels. If this is correct, Iraq is the fifth biggest producer in the world. Most of the oil is in the Shi’i south –...
by Pauline Davidson | Sep 17, 2013 | Energy
AZERBAIJAN can be seen as the biggest winner in the race to decide the route for the final leg of the trans-European pipeline from the Caspian Sea to Italy. It cooperated with Turkey in building the TANAP pipeline and made the supply of Caspian gas to Europe...
by Pauline Davidson | Sep 15, 2013 | Energy
MAJOR oil exporters are warned they could see a significant deterioration in their balance of trade if they fail to develop their own shale oil resources. Countries such as Russia and the Middle East could see a drop of around four to 10 per cent of GDP, according to...
by Pauline Davidson | Sep 15, 2013 | Energy
THE 28 countries in the European Union form the world’s largest energy importer with Russia its biggest supplier of oil, gas, uranium and coal, as well as the third-largest electricity exporter to the EU. The EU is Russia’s largest trade partner, accounting for more...
by Pauline Davidson | Sep 4, 2013 | Energy
YEARS of corporate rivalry in the energy industry and international competition has ended with the decision to award a contract to build a pipeline to take gas from the Shah Deniz gas field in Azerbaijan to Europe. The BP-led Shah Deniz Consortium selected the 876km...
by Pauline Davidson | Sep 4, 2013 | Energy
THE FINAL choice of the Trans-Adriatic Pipeline (TAP), from the Caspian Sea to Europe, by the Shah Deniz Consortium (SDC), was no big surprise. But many experts had still expected the Nabucco-West pipeline to be selected because of its important strategic advantages....
